Modernizing Agricultural and Manufacturing Bonds Act
To amend the Internal Revenue Code of 1986 to modify certain rules applicable to qualified small issue manufacturing bonds, to expand certain exceptions to the private activity bond rules for first-time farmers, and for other purposes.
This bill aims to update rules for certain tax-exempt bonds, making it easier for small businesses and first-time farmers to access financing. Specifically, it seeks to modify the rules for small issue manufacturing bonds and expand exceptions for first-time farmers under the private activity bond rules. These changes could help small manufacturers and new farmers secure funding more easily, potentially boosting economic growth in these sectors.
The bill would primarily affect small manufacturing companies and first-time farmers who may use these bonds to finance new equipment, buildings, or other investments. By easing some restrictions, it could encourage more investment and development in these areas, benefiting the local and national economy.
HB9100 was introduced on June 2, 2026, and has been referred to the House Committee on Ways and Means. This committee will review the bill, potentially hold hearings, and decide whether to move it forward for further legislative action.
